Grayscale's Pandl: Strategy Should Sell $3B in Bitcoin to Cover Debt; CryptoQuant Disagrees

News Editor

2026-06-28 07:59:28

Grayscale's head of research Zach Pandl suggested that Strategy should sell $3 billion worth of Bitcoin to meet its cash obligations. CryptoQuant countered that the company has better financing options to support its STRC shares, avoiding a forced BTC sell-off.

GrayscaleStrategyBitcoindebtCryptoQuantSTRCmarket divergence

Market Divide: Should Strategy Dump BTC?

Zach Pandl, head of research at Grayscale, recently stated that Strategy should sell approximately $3 billion in Bitcoin to alleviate its cash debt pressure. However, on-chain analytics firm CryptoQuant immediately pushed back, arguing that the company can support its STRC stock through other means without needing to sell BTC.

Grayscale's Pandl: Strategy Should Sell $3B in Bitcoin to Cover Debt; CryptoQuant Disagrees 2

Pandl's comment highlights the leverage risk faced by Strategy, while CryptoQuant emphasizes that the firm's balance sheet still has room for optimization. Market analysts note that if Strategy were to actually sell $3B in BTC, it would exert short-term selling pressure on the cryptocurrency. Yet CryptoQuant's proposed alternatives could help ease market fears.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.

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